The Rain In Spain Falls On The Inflation Plain

Inflation is cooling fast in Europe; in fact, Spain has already seen inflation retreat to under 2% after peaking above 10% last fall, notes Jeffrey Kleintop. He discusses what the Fed's latest rate hike means for the markets. He questions if Spain is a leading indicator of inflation. He also looks at how inflation is being tackled across the world. He then goes over the market impact from climate change. Additionally, he highlights jobless claims for the week of July 22nd. Initial claims came in at 221K versus an estimated 235K. Finally, he previews some notable postmarket earnings including F, INTC, ROKU, ENPH, FSLR, and TMUS. Tune in to find out more about the stock market today.